• Car usage – a percentage of tax relief is available based upon how
much business use is incurred. In addition a percentage of the 18%
capital allowances may also be available on the vehicle, based upon the
percentage of business use.

• Mortgage interest, household insurance and council tax – calculated as a
proportion by floor space, number of rooms or usage, but remember
that if you use part of your house exclusively for business it could
become liable for business rates, and capital gains tax when you sell it

• VAT is often overlooked but once your turnover exceeds or is expected to exceed £70,000 you must register with HMRC. You can also make what is called a voluntary registration below
this turnover level, but in this case you will need to charge VAT on your
invoices

Important Reminder - Make sure you keep complete and up to date records as
doing so will save you time and more money later on, as and
when your business grows.